J & J Snack Foods Corp. (NASDAQ:JJSF) to Issue Quarterly Dividend of $0.80

J & J Snack Foods Corp. (NASDAQ:JJSF) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.80 per share on Tuesday, April 7th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, March 17th.

J & J Snack Foods has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 20 consecutive years. J & J Snack Foods has a payout ratio of 64.1% meaning its dividend is sufficiently covered by earnings. Analysts expect J & J Snack Foods to earn $5.77 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 55.5%.

J & J Snack Foods Stock Up 3.4%

JJSF opened at $85.14 on Friday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.11 and a beta of 0.34. The firm has a 50-day moving average price of $91.52 and a 200-day moving average price of $96.62. J & J Snack Foods has a twelve month low of $80.00 and a twelve month high of $144.37.

J & J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $343.78 million for the quarter, compared to analysts’ expectations of $365.95 million. J & J Snack Foods had a net margin of 3.92% and a return on equity of 8.79%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, sell-side analysts expect that J & J Snack Foods will post 4.75 earnings per share for the current fiscal year.

About J & J Snack Foods

J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.

Founded in 1971 by Gerald B.